MCL to inject funds to support 30 startups in Odisha

MCL, under its Corporate Social Responsibility (CSR) initiative, will contribute funding to establish and run approximately 30 startups in Odisha. The goal is to provide essential assistance to budding entrepreneurs, fostering an ecosystem conducive to innovation and job creation, the statement said.

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Mahanadi Coalfields Limited (MCL) has signed a Memorandum of Understanding (MoU) with Foundation for Technology Business Incubator (FTBI) located at National Institute of Technology (NIT), Rourkela, for supporting startups in Odisha, an official statement said. As per the provision of the agreement, MCL will invest Rs 4.65 crore to promote startups in the next three years.